Student's first cards...

Student's first cards...

My son just turned 19. I put him on my Target card last Oct and I'll put him on my Macy's. As far as his score, he has none, we're not even able to pull any of the 3 reports online. I would think he would have a report by now due to the Target card as it's been over 6 mos.

Is he destined to start out with secured cards for now? He will be applying for that tonight through our CU, they will graduate him to a regular gold Visa, but they don't have anything geared to students. As far as I've read here, Discover for Students & Citi Forward for Students are the two to focud on, but do they approve with no report/no score? I assume they wouldn't.

I don't want to attempt buying a score at myFICO and get charged but have no score... I wonder how that works.

Re: Student's first cards...

The AU accounts may not be reported on his credit profile - I would call the CRA's in to inquiry about this.

Your son can get approved for student cards without a credit history - that's the point of student credit cards. But he should expect low credit limits and high APR's. Not that these matter anyway since I know he'll be paying in full every month and never exceeed the credit limit.

Re: Student's first cards...

Your son can get approved for student cards without a credit history - that's the point of student credit cards. But he should expect low credit limits and high APR's. Not that these matter anyway since I know he'll be paying in full every month and never exceeed the credit limit.

Re: Student's first cards...

Two years ago when I was first starting out Discover and Citi wouldn't touch me. I applied for student cards and they both said they wanted to see history first. From reading on here it's very much a YMMV situation. After everyone denying me I gave up for a few months and then Cap1 sent me an offer with no AF. That was my first card. As long as the CU approves him I would say just leave it at that for a while and then apply for Discover in 6-12 months.

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.